According to BloombergNEF, the US, Europe, and China will dominate low-carbon hydrogen production by 2030, collectively supplying 80% of the global output. The US is expected to lead with a 37% share, followed by Europe with 24% and China with 19%. The demand for hydrogen is poised to quadruple by 2050, driven by sectors like ferrous metallurgy, aviation, and shipping. The report emphasizes the importance of green power generation and electrolyzers in achieving aggressive emissions reductions, especially to meet the goals of the Paris Agreement. The transition to low-carbon hydrogen is seen as key to decarbonizing industries like steel, with the European steel sector alone requiring 5 million tons of hydrogen annually by 2027. The report highlights the potential for significant growth in renewable energy capacity and the adoption of low-carbon solutions to drive the global shift towards zero emissions by the end of the decade.